Gold prices fell sharply Tuesday, paring some of their recent advance, with traders expecting the Chinese central bank’s moves to inject liquidity into the country’s banking system to help the economy stabilize following the coronavirus outbreak. Front-month gold futures for February delivery slid 1.7% to $1,550.40 a troy ounce on the Comex division of the New York Mercantile Exchange, recording their largest one-day drop in nearly three months.

Source: Wall Street Journal February 04, 2020 17:14 UTC